Fossil Energy
Diamond Offshore hammers out restructuring plan
Offshore drilling contractor Diamond Offshore has entered into a restructuring agreement to deleverage its balance sheet.
Pipelayer resumes work on Nord Stream 2 in Danish waters
A pipelayer vessel has started work in Danish waters ahead of the resumption of construction of the Nord Stream 2 gas pipeline regardless of the pressure from the United States and European Union to stop it.
Tullow kicking off drilling ops offshore Suriname
Oil and gas company Tullow Oil is starting drilling operations at its Goliathberg-Voltzberg North prospect (GVN-1) located in Block 47 offshore Suriname.
New Age given approval to apply for new Etinde license
Oil and gas firm New Age has received formal approval to apply for a new exploitation agreement for its Etinde license offshore Cameroon.
Beach cleared for Otway Basin seabed survey
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has accepted the T/30P environmental plan from Beach Energy for a geophysical, geotechnical and 2D seismic survey activity in the Otway Basin. This survey should take 28 days within the period 1 February
Petrofac hires Stena rig for UK operations
Offshore drilling contractor Stena Drilling has signed a new drilling contract with Petrofac for operations in the UK using the Stena Don rig.
BP in oil exploration team cuts as climate change-driven reorganisation continues
Oil major BP has drastically cut its fossil fuel exploration team in an attempt to keep up with the fast-moving revolution focused around renewables and climate change.
Court adds BPC as respondent to application by environmentalists
A court in the Bahamas has decided to add Bahamas Petroleum Company (BPC) as a respondent to an application brought by environmental groups.
Premier-Chrysaor tie-up gets new CFO
Premier Oil has announced the proposed appointment of a new CFO of a new entity, which will be formed following the completion of a merger with Chrysaor.
Lundin eyes Odfjell rig for one firm well
Oil and gas company Lundin Energy and Odfjell Drilling have signed a letter of intent for the use of Deepsea Stavanger rig in Norway.
U.S. offshore rig count stuck at 16 units
The number of offshore rigs in the U.S. remained steady last week but dropped five units year over year, according to a Friday report by Baker Hughes.
Solstad secures work for subsea trio
Oslo-listed shipowner Solstad Offshore has secured four contract awards for three of its subsea construction vessels (SCVs). Normand Energy will support a project for a client in the Pacific Ocean with an estimated duration of 5 months, including mobilisation and de-mobilisation. Solstad said, the c
Elon Musk to offer $100 million prize for carbon capture technology
Tesla boss and billionaire Elon Musk has revealed his plans to donate $100 million as a prize for the “best carbon capture technology”.
Norway: December oil output rises above expectations
Norway ended 2020 on a high note with oil production in December 2020 above forecasts made by the Norwegian Petroleum Directorate (NPD).